An industrial property in Holtsville, formerly known as Weiss Instruments, has been sold for $11.5 million. The property is located at 905 Waverly Avenue and spans 5 acres. The sale includes a 50,000 square foot building and 4.26 acres for expansion.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,500,000
• Address: 905 Waverly Avenue
• Size: 5 acres
• Square Footage: 50,000 sq ft
• Market: Holtsville

The buyer, 905 Waverly Realty LLC, an affiliate of a sporting apparel wholesaler, acquired the property from Weiss Realty Associates LLC. The transaction was facilitated by Gary Chimeri and Luciano Oliverio of Paramount Properties Group.

It is worth noting that the sale of this industrial property marks a significant investment in the Holtsville market. The acquisition not only includes the existing 50,000 square foot building, but also allows for future expansion with the additional 4.26 acres of land.